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Intangible Assets, Net (Tables)
12 Months Ended
Sep. 30, 2022
Intangible Assets Net Excluding Goodwill [Abstract]  
Schedule of Finite-lived and Indefinite-lived Intangible Assets by Major Class

 

 

September 30, 2022

 

 

September 30, 2021

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships and contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

281,683

 

 

$

(223,565

)

 

$

58,118

 

 

$

281,683

 

 

$

(210,380

)

 

$

71,303

 

Industrial

 

 

352,917

 

 

 

(66,812

)

 

 

286,105

 

 

 

404,179

 

 

 

(56,515

)

 

 

347,664

 

Total

 

$

634,600

 

 

$

(290,377

)

 

$

344,223

 

 

$

685,862

 

 

$

(266,895

)

 

$

418,967

 

Intellectual property:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

12,361

 

 

 

(12,361

)

 

 

 

 

 

15,806

 

 

 

(15,806

)

 

 

 

Total

 

$

12,361

 

 

$

(12,361

)

 

$

 

 

$

15,806

 

 

$

(15,806

)

 

$

 

Process technology:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

76,370

 

 

$

(69,471

)

 

$

6,899

 

 

$

76,370

 

 

$

(67,177

)

 

$

9,193

 

Industrial

 

 

78,524

 

 

 

(27,464

)

 

 

51,060

 

 

 

90,008

 

 

 

(26,124

)

 

 

63,884

 

Total

 

$

154,894

 

 

$

(96,935

)

 

$

57,959

 

 

$

166,378

 

 

$

(93,301

)

 

$

73,077

 

Other intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

1,560

 

 

 

 

 

 

1,560

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,560

 

 

$

 

 

$

1,560

 

 

$

 

 

$

 

 

$

 

Intangible asset with indefinite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

56,838

 

 

 

 

 

 

56,838

 

 

 

67,245

 

 

 

 

 

 

67,245

 

Total

 

$

56,838

 

 

$

 

 

$

56,838

 

 

$

67,245

 

 

$

 

 

$

67,245

 

Total intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

358,053

 

 

$

(293,036

)

 

$

65,017

 

 

$

358,053

 

 

$

(277,557

)

 

$

80,496

 

Industrial

 

 

502,200

 

 

 

(106,637

)

 

 

395,563

 

 

 

577,238

 

 

 

(98,445

)

 

 

478,793

 

Consolidated Total

 

$

860,253

 

 

$

(399,673

)

 

$

460,580

 

 

$

935,291

 

 

$

(376,002

)

 

$

559,289

 

 

 

Schedule of Finite-Lived Intangible Assets Amortization Expense

Woodward recorded amortization expense associated with intangibles of the following:

 

 

Year Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Amortization expense

 

$

37,609

 

 

$

41,893

 

 

$

39,458

 

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization expense associated with intangibles is expected to be:

 

Year Ending September 30:

 

 

 

 

2023

 

$

35,885

 

2024

 

 

32,014

 

2025

 

 

26,852

 

2026

 

 

26,816

 

2027

 

 

26,750

 

Thereafter

 

 

255,425

 

 

 

$

403,742